Parr Mcknight Wealth Management Group LLC Has $3.68 Million Stock Position in SAP SE (NYSE:SAP)

Parr Mcknight Wealth Management Group LLC lessened its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 9.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,707 shares of the software maker's stock after selling 1,443 shares during the quarter. Parr Mcknight Wealth Management Group LLC's holdings in SAP were worth $3,679,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc. lifted its holdings in SAP by 125.0% in the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after acquiring an additional 890,157 shares during the last quarter. Northern Trust Corp grew its position in SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock worth $362,371,000 after purchasing an additional 701,880 shares during the last quarter. JPMorgan Chase & Co. raised its stake in SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after acquiring an additional 798,037 shares in the last quarter. Bank of America Corp DE raised its stake in shares of SAP by 5.7% during the fourth quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock valued at $323,720,000 after purchasing an additional 70,613 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of SAP by 31,239.5% during the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after buying an additional 1,302,061 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAP. Argus reissued a "buy" rating and issued a $320.00 price objective on shares of SAP in a research note on Tuesday, April 29th. Piper Sandler began coverage on shares of SAP in a research report on Tuesday, June 17th. They issued an "overweight" rating on the stock. JMP Securities reissued a "market outperform" rating and set a $330.00 price objective on shares of SAP in a research note on Friday, May 23rd. Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Finally, Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $271.83.

SAP Stock Performance

SAP traded down $5.57 during trading on Thursday, reaching $306.36. 1,368,918 shares of the company's stock were exchanged, compared to its average volume of 1,091,430. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $298.74 and a 200 day moving average price of $278.56. SAP SE has a fifty-two week low of $194.93 and a fifty-two week high of $314.68. The company has a market capitalization of $376.37 billion, a P/E ratio of 58.69, a PEG ratio of 4.43 and a beta of 1.30.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. As a group, analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.